FIRST FS&LA Failed 1988
What happened
FIRST FS&LA of BIG SPRING, TX was closed on 1988-12-22. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to CONSOLIDATED S&LA (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2026
- FDIC Certificate
- 29494
- FDIC FIN
- 1810
- Bank name
- FIRST FS&LA
- Location
- BIG SPRING, TX
- Failure date
- 1988-12-22
- FDIC resolution date
- 1988-12-22
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $74M
- Deposits at failure
- $113M
- Assets at failure
- $129M
- Acquiring bank
- CONSOLIDATED S&LA (DALLAS, TX)
Other banks CONSOLIDATED S&LA acquired in FDIC resolutions
- METROPLEX FEDERAL SAVINGS ASSOCIATION (HURST, TX) — failed 1988-12-22
- RELIANCE SAVINGS ASSOCIATION (HOUSTON, TX) — failed 1988-12-22
- SOUTHERN FEDERAL BANC S&LA (LANCASTER, TX) — failed 1988-12-22
- INTERWEST SAVINGS ASSOCIATION (FORT WORTH, TX) — failed 1988-12-22
- VISTA SAVINGS ASSOCIATION (ODESSA, TX) — failed 1988-12-22
- SENTRY SAVINGS ASSOCIATION (SLATON, TX) — failed 1988-12-22
- LAMESA FS&LA (LAMESA, TX) — failed 1988-12-22
- COMMODORE SAVINGS ASSOCIATION (DALLAS, TX) — failed 1988-12-22
- FIRST WESTERN S&LA (COLORADO CITY, TX) — failed 1988-12-22
- MESQUITE S&LA (MESQUITE, TX) — failed 1988-12-22